Weekly Initial Jobless Claims Decrease To 287k first appeared on Floating Path.
Initial jobless claims for the week ending September 27 were a seasonally adjusted 287k, down from the prior week’s revised reading of 295k. Not seasonally adjusted, jobless claims for the week were 227k.
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Individual states that had changes in claims of more than 1k (not seasonally adjusted):
The 4-week moving average of initial jobless claims was 295k.
The number of unemployment insurance recipients, or continuing claims, for regular state programs was 2.398 million, down from the previous week’s revised reading of 2.443 million.
The insured unemployment rate, which is the number of unemployment insurance recipients as a share of covered employment, was 1.81%, lower than the 1.85% the week prior.
90.28% of all U.S. jobs are covered by state unemployment insurance programs.
Of the 9.591 million Americans currently unemployed, 25.00% receive unemployment insurance.
Jobless claims and the unemployment rate: